Results 4,961-4,980 of 6,653 for speaker:Rose Conway-Walsh

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: I thank both Mr. Hall and Mr. Kennedy for their statements. On mortgage interest relief in terms of the parameter for qualifying of having a mortgage remaining of more than €80,000, I know of many people where the amount of their outstanding mortgage is less than €80,000 and they happen to be people who are on very low incomes. They are people who are parenting on their own...

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Yes, I agree with Mr. Hall.

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Yes, I agree. We have proposed that for a long time but what came out the other side from the Government has been very disappointing. My time is limited so I do not want to dwell on the matter. I cannot make sense of the interest relief for landlords because rents are higher than ever. Rent pressure zones have been mentioned. Let us consider County Mayo and Westport, which is a rent...

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Why give a subsidy to somebody, say in Castlebar today, who can tell a tenant that he or she must pay €400 extra and the total rent now to be paid is €1,500 a month?

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Surely that is the problem. From the beginning incentives or budget funds have been given to the real estate investment trusts but that has created an inequity and the new initiative seeks to fill the gap. Surely the solution is to take the relief away from those who commodify houses and make millions and billions of euro.

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: No, I would not do that but one puts them in the same box by saying there is an unfairness.

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: They did.

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Does Mr. Kennedy think that it was right to give them massive tax reliefs or make things tax free?

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: Do we know how many are selling because prices are at the top of the market? Looking into the future, I cannot see that house prices will continue to escalate. Surely, they are not going to continue to escalate all the time. They must be reaching some limit. Would that not be the optimum time for anybody to sell? In terms of the timing of when people bought these properties as investment...

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: That is a business decision. When a person commodifies homes, he or she is making very hard business decisions. They are decisions people can make. I will finish on this. We are spending €459 million on a tax relief at the height of the market when revenues have never been so large and then we have targets in County Mayo like €150 million and €170 million. That...

Committee on Budgetary Oversight: Residential Premises Rental Income Relief and Mortgage Interest Relief in Budget 2024: Discussion (17 Jan 2024)

Rose Conway-Walsh: If you like, it is a natural cycle rather than-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: I thank Deputy Shanahan for this Bill. We certainly support it. We think it will go some way, albeit being post-analysis, towards addressing what we have spoken about here in terms of transparency, value for money and what really needs to be done. It shines a light on the extent of the challenges we have and the picture of how money is spent. There are a lot of other things that need to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: Anybody may answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: That is right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: What does Dr. Griffin think would be the advantage of having that, announcing expenditure to the Oireachtas before it is announced in the media? That happens all the time as regards-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: I know. I come from Mayo so I can really identify with that. Dr. Griffin is exactly right in what he said. I would like us to have a conversation about this because it is really important and it is an opportunity to have in the room the people who have done the analysis on this. Sometimes we need to take the sentiment out of this and look at the hard facts. When we look at the hard facts...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: Why is it happening?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: I will not say not the right party.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Capital Supply Service and Purpose Report Bill 2023: Discussion (17 Jan 2024)

Rose Conway-Walsh: I thank the Chair.